Icon energy corp. announces fleet expansion with and time charter contract for a 2020-built, scrubber-fitted, eco, ultramax, dry bulk carrier

Athens, greece, march 24, 2025 (globe newswire) -- icon energy corp. (“icon” or the “company”) (nasdaq: icon), an international shipping company that provides worldwide seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels, announced today that it has entered, through a separate wholly-owned subsidiary, into (i) a definitive agreement with an unaffiliated third party to bareboat charter-in, with the option to eventually purchase, a 2020-built, scrubber-fitted, eco, ultramax, dry bulk carrier with a carrying capacity of 63,668 dwt, as well as (ii) a time charter-out contract with an unaffiliated dry bulk operator, securing the employment of the same vessel for a period of 9 to 12 months. icon intends to operate the vessel under the name charlie.
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